This one week immersion seminar will provide a broad based understanding of the financial services industry and consider fundamental questions about its’ future. This is an industry in the midst of dynamic change at all levels. The present is being heavily influenced by public policy and regulatory changes. The future is being readied for significant disruption, especially in the context of new technology applications and demographic shifts. Moreover, average returns of the large financial firms have fallen from over 20% in the early 2000s to 7% in 2013/4. Yet, the role of financial intermediation remains at the heart of any economy, and is critical to the economic prosperity of any nation. This course will look to define both the opportunities and the perils which lay ahead in the Financial Services Industry by interactive dialogue, analysis and exposure to faculty and practitioners, both on campus and at institutions.

Any student who is interested in understanding or at least getting a peak into the future of this critical global sector and a major economic driver of New York City will benefit from taking the course. Whether you are in the financial services industry or just anticipate being impacted by it in your work or personally, this course should be interesting.

Charles Calomiris

Henry Kaufman Professor of Financial Institutions

Charles W. Calomiris is Henry Kaufman Professor of Financial Institutions at Columbia Business School, Director of the Business School’s Program for Financial Studies Initiative on Finance and Growth in Emerging Markets, and a professor at Columbia’s School of International and Public Affairs. His research spans the areas of banking, corporate finance, financial history, and monetary economics. He is a Distinguished...

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